Mechanics Bank Trust Department Has $11.13 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Mechanics Bank Trust Department raised its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,597 shares of the oil and gas company's stock after buying an additional 2,783 shares during the period. Exxon Mobil makes up 1.5% of Mechanics Bank Trust Department's portfolio, making the stock its 15th biggest position. Mechanics Bank Trust Department's holdings in Exxon Mobil were worth $11,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. 10Elms LLP bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $32,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $36,000. Finally, Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $47,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.7%

Shares of XOM traded up $0.71 on Monday, hitting $103.01. The company's stock had a trading volume of 17,286,652 shares, compared to its average volume of 15,555,130. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm's fifty day moving average price is $106.95 and its 200-day moving average price is $109.62. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $443.95 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the firm earned $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.84%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank decreased their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Finally, Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.